Severance Trust Agreement between FINOVA and Atlantic Trust Company.



 Exhibit (10.R) 
  
 SEVERANCE TRUST AGREEMENT 
  
 THIS SEVERANCE TRUST AGREEMENT, dated as of November 1, 2003 (the “Agreement”), is by and between THE FINOVA GROUP INC., a
Delaware corporation (“Grantor”) and ATLANTIC TRUST COMPANY, N.A., a national association (the “Trustee”). The Grantor and the Trustee are hereinafter each sometimes referred to individually as a
“Party” and collectively as the “Parties”. Other capitalized terms not defined in the immediate text are defined in Section 12. 
  
 W I T N E S S E T H: 
  
 WHEREAS, the Grantor is the sponsor of a Severance Pay Plan (the “Plan”) which is an employee welfare benefit plan as defined in Section
3(1) of ERISA and a severance pay plan within the meaning of Section 2510.3-2 of the regulations of the United States Department of Labor under ERISA; and 
  
 WHEREAS, the Grantor desires to convey assets (“Trust Assets”) to the Trustee for deposit to a trust account (the “Trust
Account”) established and maintained in accordance with the terms of this Agreement in an amount sufficient to provide for payment of its Severance Obligations with respect to its United States employees who are eligible to participate in
the Plan; and 
  
 WHEREAS, the Trust is established
for the benefit of certain Beneficiaries, each of whom is currently an employee of the Grantor and is potentially entitled to the payment of Severance in accordance with the Plan as it may be amended, supplemented and replaced from time to time, and
as defined more fully in Schedule 1; and 
  
 WHEREAS, the
Trustee has agreed to act as Trustee hereunder, and to accept, hold and release the Trust Assets and/or the proceeds thereof, in accordance with the terms of this Agreement and ERISA; and 
  
 WHEREAS, this Agreement is made for the exclusive benefit of the Beneficiaries and for the purpose of setting forth
the duties and powers of the Trustee and the rights of the Grantor and the Beneficiaries with respect to the Trust Assets. 
  
 NOW, THEREFORE, for and in consideration of the premises and for other good and valuable consideration, the receipt of which is hereby
acknowledged, the Parties hereby agree as follows: 
  
 1.
APPOINTMENT OF TRUSTEE; CONVEYANCE OF TRUST ASSETS 
  
 1.1
Appointment of Trustee. The Grantor hereby appoints and authorizes ATLANTIC TRUST COMPANY, N.A., a national association, to act as Trustee as provided herein and to exercise the powers under this Agreement as are delegated
to the Trustee by the terms hereof, together with all powers as are reasonably incidental thereto. The Trustee hereby accepts the appointment and agrees to exercise those powers and perform those functions from time to time as are specifically
delegated to the Trustee by the terms hereof. 
  
 1.2
Establishment of Trust Account. The Grantor shall establish the Trust Account with the Trustee and the Trustee shall administer the Trust Account in its name as Trustee for the benefit of the Beneficiaries, upon the terms
and conditions set forth herein. The Trust Account shall be subject to withdrawal only as expressly provided herein. 
  
 1.3 Conveyance of Trust Assets to Trustee. Concurrently with the execution of this Agreement, the Grantor shall irrevocably
transfer, assign, set-over, and otherwise convey to the Trustee, for deposit into the Trust Account for the benefit of the Beneficiaries, all right, title and interest of the Grantor in, to and under Trust Assets in the amount of $10,846,067.00 for
Severance Obligations estimated as of the date of this Agreement, other than the Grantor’s reversionary interest in the Trust Assets upon payment of the respective Severance Obligations. The foregoing transfer, assignment, set-over and
conveyance is intended to vest title to the Trust Assets in the Trustee. 







 2. WITHDRAWAL OF TRUST ASSETS FROM TRUST ACCOUNT 
  
 2.1 Beneficiaries’ Rights to Withdraw Trust
Assets. Upon fulfillment of the applicable time periods and other conditions noted in this Section 2.1 and subject to the objection period set forth in Section 2.2, each Beneficiary shall have the right to withdraw from the Trust
Account, subject only to written notice from the Beneficiary to the Grantor and the Trustee in the form annexed hereto as Exhibit A-1 (each Exhibit A-1 being referred to herein as a “Withdrawal Notice”) the Trust Assets described in
that Withdrawal Notice. If Beneficiary has been terminated by the Company involuntarily other than for cause or due to death, disability or other circumstances for which Severance Obligations are not owed to the Beneficiary pursuant to the terms of
the Severance Programs, the Beneficiary shall be entitled to execute and deliver a Withdrawal Notice to the Trustee and the Plan Administrator no earlier than 30 days after the Beneficiary has executed and delivered to Grantor a severance agreement
and release in Grantor’s standard form (unless otherwise agreed in writing by Grantor) (a “Severance Agreement”), provided that the Beneficiary has not revoked that Severance Agreement, and provided further that
the Withdrawal Notice must include a copy of the Severance Agreement executed by the Beneficiary and the Grantor. 
  
 Except for a copy of the Severance Agreement and any required tax documents, such as a W-4 or W-9 statement executed by the Beneficiary, the Beneficiary need present no
statement or document to the Trustee in addition to a Withdrawal Notice to withdraw any Trust Assets. No person other than the Beneficiary may receive a withdrawal of assets from the Trust Account, except as permitted by Sections 4, 7.12 and 8.1
below or as otherwise permitted by law. 
  
 2.2
Transfer by the Trustee.  
  

	 	(a)	Objection by Plan Administrator to Withdrawal Notice. An objection, if any, by the Plan Administrator to the withdrawal of Trust Assets stated in a Withdrawal Notice, must be
made in writing to the Trustee and the Beneficiary on or before the expiration of the thirtieth Business Day after the Grantor’s receipt of the Withdrawal Notice. 

  

	 	(b)	No Objection. If no objection is made by the Plan Administrator to the Withdrawal Notice the Trustee shall, at the first available payroll cycle, subject to normal cutoff
dates, falling no sooner than forty Business Days after its receipt of the Withdrawal Notice, take any and all steps to either transfer absolutely and unequivocally all right, title, and interest in Trust Assets having a Market Value equal to the
payment amount specified in the Withdrawal Notice (the “Payment Amount”), or to liquidate sufficient Trust Assets to generate the Payment Amount, and then pay the Payment Amount to, or for the account of, the Beneficiary as
specified in the Withdrawal Notice; provided that the interest in Trust Assets actually transferred or cash actually paid to the Beneficiary shall be net of any applicable income tax withholding and the employee’s share of any employment taxes
owing with respect to the Payment Amount. Notwithstanding the above, if the Plan Administrator delivers to the Trustee a Notice of Non-Objection substantially in the form attached hereto as Exhibit A-2 (each a “Notice of
Non-Objection”), then the Trustee shall pay the amounts listed in the related Withdrawal Notice at the first available payroll cycle, subject to normal cutoff dates, falling after receipt of the Notice of Non-Objection. The Trustee shall be
protected in conclusively relying upon any written demand of the Plan Administrator and Beneficiary, or one of them and either the absence of an objection within the periods noted herein or a Notice of Non-Objection, for a withdrawal, including any
Withdrawal Notice, Final Order, Settlement Agreement and any related certification. 

  

	 	(c)	Objection. In the event that the Trustee receives a timely objection by the Plan Administrator to a Withdrawal Notice, the Trustee shall retain the disputed portion of the
Trust Assets described in the objection until the Plan Administrator or the Beneficiary presents a Final Order or Settlement Agreement, accompanied by a certification (a “Certification”) from the party presenting the Final Order or
Settlement Agreement to the Trustee to the effect that the document presented is a Final Order or Settlement Agreement, as the case may be, and certifying that the withdrawal is permitted. 

  

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 In permitting any withdrawal described in this section 2.3, the Trustee shall be completely protected in conclusively
relying upon any Withdrawal Notice, Release, Final Order or Settlement Agreement, and on any related Certification. 
  
 3. APPLICATION OF TRUST ASSETS 
  
 3.1 Withdrawal Purposes. Except as provided in Section 8 hereof, Trust Assets may be withdrawn for the following purposes
only: 
  

	 	(a)	to pay pursuant to a Withdrawal Notice for the payment of Severance Obligations to Participants in accordance with the terms of the Severance Pay Plan; or 


 

	 	(b)	to release the Trust Assets to the Grantor in accordance with Sections 4 and 7.12, hereof; 

  
 provided, however, that the Trustee shall not permit any Withdrawal until the Plan Administrator has furnished to the Trustee
an initial Beneficiary List in the form described in section 3.2, hereof, which Plan Administrator may update periodically; and provided further, however, that: 
  

	 	(i)	nothing in this Trust Agreement shall entitle the Beneficiaries to any amounts under the Severance Pay Plan that are not otherwise due and payable to them pursuant to the terms of
the Plan; 

  

	 	(ii)	amounts due to the Beneficiaries are conditioned on fulfillment of certain conditions. A Beneficiary’s rights to Severance Obligations are conditioned on various factors, such
as Beneficiary’s being involuntarily terminated other than for cause or performance and the execution of a binding severance agreement in Grantor’s standard form (unless otherwise agreed to in writing by Grantor), that includes a release
of liability in favor of Grantor, the Trustee and their respective affiliates; and 

  

	 	(iii)	nothing in this Agreement limits the right of Grantor or the Plan Administrator to alter, amend, supplement or terminate the Severance Pay Plan subject to this Agreement, subject to
the rights provided pursuant to those plans. 

  
 3.2 Maintenance of Beneficiary List. The Trustee shall maintain a list of Beneficiaries (a “Beneficiary List”), which will be, initially, in the form of Exhibit C hereto, and which may be amended
from time to time in accordance with section 3.3 hereof, upon: 
  

	 	(a)	Receipt by the Trustee of written notification from the Grantor that a Beneficiary (or Beneficiaries) should be added to the Beneficiary List, or 

  

	 	(b)	Receipt by the Trustee of a notice from Grantor indicating that the Grantor’s Severance Obligation with respect to one or more Beneficiaries has been fully satisfied or
otherwise terminated, eliminated or discharged, which notice may be through a Withdrawal Notice, release or acknowledgment from the Beneficiary (a “Release”), or Affidavit unless otherwise directed by Grantor. Exhibit B contains an
acceptable form of Release, although the Trustee shall accept other formats of substantially similar substance. 

  
 3.3 Removal of Beneficiary from Beneficiary List. If directed by the Plan Administrator, the Trustee shall remove a Beneficiary
described in the Withdrawal Notice, Release or Affidavit from the Beneficiary List, and that Beneficiary will cease to be a Beneficiary under this Agreement, unless a dispute is pending with respect to that Beneficiary pursuant to Section 2.2 above,
in which case the Beneficiary shall not be removed until the dispute is resolved as noted in that section. 
  

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 3.4 Confidentiality of Information Contained in Beneficiary List. With the exception
of the names of individuals designated as Beneficiaries on the Beneficiary List and except as permitted in Sections 7.3 and 7.5 hereof, the information contained in the Beneficiary List, including, but not limited to, the amount of the
Grantor’s Severance Obligation owed or potentially owed to any individual Beneficiary or group of Beneficiaries, shall be confidential and, notwithstanding any other provision of this Agreement, shall not be revealed or disclosed by the Trustee
to any Beneficiary. Notwithstanding anything herein to the contrary, the foregoing shall not be construed to prohibit (i) disclosure of any and all information that is or becomes publicly known, (ii) disclosure of any and all information (A) if
required to do so by any applicable statute, law, rule or regulation including ERISA, (B) to any government agency or regulatory body having or claiming authority to regulate or oversee any respects of the Trustee’s business or that of its
affiliates, (C) pursuant to any subpoena, civil investigative demand or similar demand or request of any court, regulatory authority, arbitrator or arbitration to which the Trustee or an affiliate or an officer, director, employer or shareholder
thereof is a party, (D) in any preliminary or final offering circular, registration statement or contract or other document pertaining to the approved in advance by the Grantor or (E) to any affiliate, independent or internal auditor, agent,
employee or attorney of the Trustee having a need to know the same, provided that the Trustee advises that recipient of the confidential nature of the information being disclosed, or (iii) any other disclosure authorized by Grantor and the relevant
Beneficiaries as applicable. 
  
 3.5 Limitations on
the Trustee’s Duties. The Trustee shall have no duty or responsibility whatsoever to determine that any Trust Assets withdrawn from the Trust Account pursuant to Section 2 of this Agreement will be used and applied in the manner
provided by Section 3.1. 
  
 4. RELEASE OF TRUST ASSETS FROM
TRUST ACCOUNT 
  
 4.1 Grantor’s Right to
Reversion. No Trust Assets shall revert to the Grantor prior to the satisfaction of all Severance Obligations. To the extent that the Grantor has satisfied all Severance Obligations, the Grantor shall be entitled to receive all Trust Assets
remaining in the Trust, upon the presentation to the Trustee of an Affidavit of the Plan Administrator stating that all Beneficiaries’ claims to Severance Obligations have been satisfied or eliminated, provided that the Plan Administrator sends
a copy of the Affidavit to all remaining Beneficiaries and the following objection periods and procedures have been satisfied: 
  

	 	(a)	Objection by a Beneficiary to an Affidavit. An objection, if any, by a Beneficiary to the withdrawal of Trust Assets stated in an Affidavit must be made in writing to the
Trustee and the Plan Administrator on or before the expiration of 30 Business Days after the Trustee’s receipt of the Affidavit, provided the notice to the Beneficiary was sent at the same time as notice to the Trustee.


  

	 	(b)	No Objection. If no objection is made by a Beneficiary to an Affidavit, the Trustee shall, no sooner than 35 Business Days and no later than 40 Business Days, after its
receipt of the Affidavit take any and all steps to either transfer absolutely and unequivocally all right, title, and interest in the remaining Trust Assets to the Grantor. The Trustee shall be protected in conclusively relying upon any written
demand of the Plan Administrator and either the absence of an objection within the periods noted herein or a Final Order, Settlement Agreement and any related certification. 

  

	 	(c)	Objection. In the event that the Trustee receives a timely objection by a Beneficiary to an Affidavit as noted above, the Trustee shall retain the disputed portion of the
Trust Assets described in the objection until the Plan Administrator a Final Order or Settlement Agreement, accompanied by a Certification from the party presenting the Final Order or Settlement Agreement to the Trustee to the effect that the
document presented is a Final Order or Settlement Agreement, as the case may be, and certifying that the transfer of assets to the Grantor is permitted. 

  
 4.2 Delivery to Grantor. The Trustee shall pay and deliver Trust Assets to the Grantor by delivering those
Trust Assets in accordance with the instructions stated in Section 7.6, hereof. 
  

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 5. REDEMPTION, INVESTMENT AND SUBSTITUTION OF TRUST ASSETS 
  
 5.1 Investment Discretion. Trustee shall have complete
discretion in the investment and reinvestment of the assets in the Trust Account, with full power and authority to direct such purchases and sales of Eligible Securities or other property, and in connection therewith to execute or cause to be
executed any and all required documents, as it may deem appropriate, in accordance with the investment guidelines attached hereto as Schedule 2, and to any revisions thereto that Grantor and Trustee may agree in writing from time to time. It is
expressly agreed that Trustee may, in the exercise of its discretion, invest up to 100% of the Trust Account into commingled investment funds managed by Trustee or any of its affiliates (“Affiliated Funds”). With respect to any
Affiliated Fund investment, Grantor understands that, to the extent permitted under ERISA, the Trustee may either pay its affiliate who manages the Fund, a management fee out of the fee paid by Grantor to Trustee pursuant to Section 8.1 or, in the
case of any Affiliated Funds registered with the Securities and Exchange Commission (the “Registered Funds”), the portion of the Trust Account invested in Registered Funds will be excluded from calculations of the Trustee’s fee
because either Trustee will receive a management fee from the Registered Fund, or may share in the management fee received by an affiliate. Registered Funds will also bear certain other normal operating expenses, as discussed in the applicable
prospectuses. It is specifically agreed that Trustee has selected the AIM Short-Terms Investment Company Liquid Assets Portfolio (“AIM Sweep”) as the automatic cash sweep option for the Trust Account. AIM Sweep is managed by AIM
Advisors, Inc., an affiliate of Trustee. The Trustee shall not be responsible for any act or omission unless said action is the result, in whole or in part, of the Trustee’s gross negligence, willful misconduct or lack of good faith, nor shall
the Trustee be responsible for any loss resulting from the insolvency or bankruptcy of any third-party agent or broker. The Trustee shall have no obligation to invest or reinvest the Trust Assets if deposited with the Trustee after 11:00 a.m. (E.T.)
on the day of deposit. The Trustee shall have no responsibility for any investment losses resulting from the investment, reinvestment or liquidation of the Trust Assets. Subject to the provisions of Section 6, hereof, any interest or other income
received on the investment and reinvestment of the Trust Assets shall become part of the Trust Assets and any losses incurred on the investment and reinvestment of the Trust Assets shall be debited against the Trust Assets. 
  
 5.2 Additional Deposits. The Grantor may at any time
after the effective date of this Agreement assign, convey, transfer and deliver Eligible Securities (in addition to those Eligible Securities delivered initially to fund the Trust Account) to the Trustee for inclusion in the Trust Account.

  
 5.3 Investment Losses. Any loss
incurred from any investment pursuant to the terms of this Section 5 shall be borne exclusively by the Trust Account. 
  
 5.4 Maturing Trust Assets. The Trustee shall surrender for payment all maturing Trust Assets and all Trust Assets called for
redemption and deposit the principal amount of the proceeds of any such payment into the Trust Account. 
  
 6. DIVIDENDS, INTEREST AND OTHER INCOME 
  
 All dividends, distributions, interest and other income resulting from the Trust Assets shall be the property of the Trust. To the extent that the Trustee
shall collect and receive that income from the Trust Assets, upon request from the Grantor, it shall first use that income to pay its expenses and to then pay Beneficiaries pursuant to Withdrawal Notices. 
  
 7. ADDITIONAL RIGHTS AND DUTIES OF THE TRUSTEE 
  
 7.1 Action Upon Instruction. The Trustee shall
accept instructions from the Grantor, Plan Administrator and/or a Beneficiary in the forms described herein and give notice or direction, take action, exercise rights, powers or remedies or perform obligations under and pursuant to the terms of this
Agreement or in respect of all or any portion of the Trust Assets, as shall be specified in those instructions. The Trustee shall also notify the Grantor of deposits to, withdrawals from and substitutions in the Trust Account within ten calendar
days following the last day of each preceding month. 
  

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 7.2 Deposit of Trust Assets. The Trustee may deposit the Trust Assets
consisting of securities or securities entitlements in a book-entry account maintained at any Federal Reserve Bank or in depositories such as the Depository Trust Company. The Trustee may hold the Trust Assets in its vaults or may hold on deposit
portions of the Trust Assets with those depositories or sub custodians that provide handling, clearance, or safekeeping services. The Trustee shall be responsible for the selection of those agents and shall be liable for their actions. The Trustee
will use the same care with respect to the safekeeping of the Trust Assets as it uses in respect of its own similar property. The Trustee may not maintain the indicia of ownership of any assets of the Trust outside the jurisdiction of the district
court of the United States. 
  
 7.3 Monthly
Reports. The Trustee shall furnish to the Grantor as of the date of the inception of the Trust Account, and as of the end of each calendar month thereafter, a written statement identifying in reasonable detail the Trust Assets then on
deposit in the Trust Account on the last day of that calendar month. In the event that a Beneficiary or Beneficiaries make a written request to the Trustee for a statement identifying the Trust Assets on deposit in the Trust Account, the Trustee
shall furnish that information to the Beneficiary(ies) only upon the Trustee’s receipt of written consent from the Grantor, which consent is signed by two authorized signatories of the Grantor named in the attached Exhibit D, to the release of
a written statement in the same form as is required herein to be furnished to the Grantor. In the event that the Grantor does not provide the consent, the Trustee shall not furnish information regarding the Trust Account and/or the Trust Assets to
the Beneficiary(ies), except as otherwise required by law. 
  
 7.4 Transfer of Trust Assets. Except as may otherwise be expressly provided herein, the Trustee shall not have any power to sell, assign, transfer, encumber, pledge, or grant any security interest in, or consent
to the placement of any lien upon or against the Trust Assets. 
  
 7.5 Audit. Upon the written request of, and at the expense of, the Grantor, the Trustee shall promptly permit the Grantor, its respective agents, employees and independent auditors to examine, audit, excerpt,
transcribe, and copy, during the Trustee’s normal business hours, any books, documents, papers, and records relating to the Trust Account or the Trust Assets. In the event that a Beneficiary or Beneficiaries make a written request to the
Trustee, the Trustee shall permit such Beneficiary(ies) to examine, audit, excerpt, transcribe, and copy, during the Trustee’s normal business hours, any books, documents, papers, and records relating to the Trust Account or the Trust Assets
only to the extent required by ERISA. 
  
 7.6
Reliance Upon Written Instructions. The Trustee is authorized to follow and conclusively rely upon all written instructions given, in accordance with the terms of this Agreement, jointly by any two officers of the Grantor
named in Exhibit D, as amended and updated from time to time by the Grantor, jointly by any two members of the committee which constitute the Plan Administrator under the Plan or by a Beneficiary pursuant to the terms of this Agreement, including
without limitation, instructions given by letter transmission, if the Trustee believes those instructions to be genuine and to have been signed by the proper party or parties. The Trustee shall be fully protected in acting or refraining from acting,
as the case may be, in accordance with those written instructions. The Trustee shall not incur any liability to anyone resulting from actions taken by the Trustee in reliance in good faith on those instructions. The Trustee shall not incur any
liability in executing instructions (i) from any attorney-in-fact or (ii) from any officer of the Grantor, Plan Administrator or Beneficiary, named in an incumbency certificate delivered hereunder prior to receipt by it of a more current
certificate. 
  
 7.7 No Implied
Duties. The duties and obligations of the Trustee shall only be those as are specifically set forth in this Agreement, as it may from time to time be amended, and no implied duties or obligations shall be read into this Agreement
against the Trustee. The Trustee shall be liable for its own gross negligence, willful misconduct, or lack of good faith. 
  
 7.8 No Violation. No provision of this Agreement shall require the Trustee to take any action, which in the Trustee’s
reasonable judgment, would result in any violation of this Agreement, or any provision of law. 
  
 7.9 Limited Liability. The Trustee shall act with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar
with such matters would use in conducting an enterprise of like character and with like aims, in accordance with this Trust Agreement insofar 
  

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 as such agreement is consistent with this standard and other terms of ERISA. Liability under this Trust Agreement shall
be limited to acts or omissions during the period of time that the Trustee was actually servicing and is subject to any applicable statute of limitations or doctrine of laches. The Trustee shall not be responsible for the payment of taxes,
charges assessments or liens upon the Trust Assets. The Grantor (for itself and any person and/or entity claiming through it) hereby releases, waives, discharges, exculpates, and covenants not to sue, the Trustee for any action taken or omitted to
be taken in accordance with the terms of this Agreement, except to the extent that the action is caused by the Trustee’s gross negligence, willful misconduct or lack of good faith. 
  
 7.10 No Expenditures of Trustee’s Funds. None of the provisions of this Agreement shall require
the Trustee to expend or risk its own funds or otherwise to incur any liability, financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for
believing that repayment of those funds or indemnity satisfactory to it shall not be obtained. 
  
 7.11 Reliance on Advice of Counsel. The Trustee may consult with counsel and the advice or any opinion of counsel shall be full and complete authorization and protection in respect of any action taken or
omitted by it hereunder in good faith and in accordance with that advice or opinion of counsel. 
  
 7.12 Tax Reporting and Tax Withholding. 
  

	 	(a)	To the extent required by the terms of the Code, the Trustee shall report all items of income, deductions and credits against tax attributable to the Trust Assets on the income tax
returns of the Trust and the Trustee shall pay any taxes due with the regard to the Trust Assets from the Trust Account. 

  

	 	(b)	The Trustee shall report and deposit any applicable income tax withholding and employment taxes with regard to any Payment Amounts paid directly to a Beneficiary except to the
extent that the Grantor may act as a paying and reporting agent for the Trust for this purpose. To the extent that the Grantor is permitted to so act, with regard to any Payment Amounts paid directly to a Beneficiary under Section 2.2, Grantor shall
provide Trustee with the amounts of any applicable income tax withholding and employment taxes and Trustee shall pay the indicated amounts over to Grantor for the appropriate reporting and deposit on behalf of the Beneficiary.


  
 7.13 Use of Agents. In fulfilling
its duties under this Agreement, the Trustee may engage one or more agents as it deems necessary or appropriate, including without limitation payroll and tax processing agents, and accounting and legal professionals. The Trustee shall be responsible
for the actions of any agents selected by it, except if the Grantor serves as an agent in accordance with the next sentence. To the extent permitted by applicable law, including without limitation ERISA’s prohibited transaction rules, the
Trustee may engage Grantor or its affiliates to serve as an agent. 
  
 8. COMPENSATION AND INDEMNIFICATION OF THE TRUSTEE 
  
 8.1 Compensation. The Trust shall pay the Trustee, as compensation for its services under this Agreement, a fee computed at rates as may be agreed to from time to time in writing between the Trustee and the
Grantor. To the extent provided in the fee agreement between the Trustee and Grantor, the Trustee shall be entitled to deduct first from the Trust income and then from the Trust Assets an amount sufficient to reimburse the Trustee for all of the
Trustee’s charges in connection with its duties under this Agreement (including reasonable attorney’s fees and expenses), except any expense or disbursement as may arise from the Trustee’s gross negligence, willful misconduct or lack
of good faith. The Trustee shall deduct those charges from the Trust and shall forward a summary of those charges to Grantor. If the Trust shall not have sufficient assets to cover the Trustee’s charges, the Trustee shall invoice Grantor, which
Grantor shall pay within 30 days after receipt of that statement. The Trustee shall have a lien on the Trust Assets prior to any other lien with respect to any amount payable to the Trustee under this Agreement. 
  
 8.2 Indemnity. The Grantor also hereby agrees to
indemnify the Trustee and its affiliates and their officers, directors, employees and agents for, and hold them harmless from and against, any loss, liability, 
  

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 claims, obligations, damages, injuries (to person or property), penalties, stamp, or other similar taxes, action suits,
judgments, costs or expenses (including reasonable attorney’s fees and expenses) of whatever kind or nature regardless of their merit, demanded, asserted or claimed against the Trustee directly or indirectly relating to, or arising out of,
claims against the Trustee by reason of its participation in the transactions contemplated hereby, including without limitation all reasonable costs required to be associated with claims for damages to persons or property, and reasonable
attorneys’ and experts’ fees and expenses, court costs, and any loss, liability, costs or expenses arising out of or in connection with the role of the Trustee hereunder, except to the extent caused by the Trustee’s gross negligence,
willful misconduct or lack of good faith. The Grantor hereby acknowledges that the foregoing indemnities shall survive the resignation or removal of the Trustee or the termination of this Agreement. 
  
 8.3 No Set-Off. Except as expressly provided in Sections
8.1 and 8.2, the Trustee hereby waives any and all rights of set-off, deduction, recoupment, attachment, garnishment or otherwise it may have on account of any indebtedness, fees, losses or other charges owed to it by Grantor or its affiliates
(collectively, “Rights of Set-Off”) against the Trust Assets or the proceeds thereof. Except as expressly provided in Sections 8.1 and 8.2, the Trustee shall not make or effect any Rights of Set-Off or other claim against the Trust
Assets or the Trust, whether related to this Agreement, the Trust, the Trust Assets, the Trust Income, or pursuant to any other business, matter or thing that may exist or have occurred between Trustee and its affiliates, on the one hand, and
Grantor or its affiliates on the other hand. 
  
 9. RESIGNATION
AND REMOVAL OF THE TRUSTEE 
  
 9.1
Resignation. The Trustee may resign at any time by giving not less than sixty calendar days’ advance written notice thereof to the Grantor, which resignation shall be effective on the Effective Date (as defined in
Section 9.3 below). 
  
 9.2 Removal.
The Trustee may be removed by the Grantor delivering to the Trustee at least sixty calendar days’ advance written notice of removal, signed by the Grantor, which removal shall be effective on the Effective Date. 
  
 9.3 Appointment of a Successor Trustee. Upon
receipt by the Grantor of the notice of resignation, or upon removal of the Trustee as provided in Sections 9.1 and 9.2, the Grantor shall promptly appoint a successor trustee. Any successor trustee shall (i) be a bank or trust company in good
standing and organized and doing business under the laws of the United States of America or of any state thereof, (ii) be a member of the Federal Reserve System or chartered in the States of Arizona, New York, Massachusetts or any other state
authorized by Grantor, and (iii) not be a Parent, a Subsidiary or Affiliate of the Grantor. Upon the acceptance of the appointment as trustee hereunder by a successor trustee and the transfer to such successor trustee of the Trust Assets, the
resignation or removal of the Trustee shall become effective (the “Effective Date”) and the Grantor shall release the Trustee by written instrument. Thereupon, the estate, rights, powers, privileges and duties of the resigning or
removed Trustee shall survive and continue in the successor trustee, and the resigning or removed Trustee shall be discharged from any future duties and obligations under this Agreement; provided however that the resigning or removed Trustee
shall continue after the Effective Date to be entitled to the benefits of the indemnities provided herein for the Trustee. If no successor Trustee has been appointed and been accepted within sixty days after the giving by the existing Trustee of
notice of resignation as described in section 9.1 hereof, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee. 
  
 9.4 Merger or Consolidation. Any corporation into which the Trustee in its individual capacity
may be merged or converted or with which it may be consolidated or any corporation resulting from any merger, conversion or consolidation to which the Trustee in its individual capacity shall be a party or any corporation to which substantially the
corporate trust business of the Trustee in its individual capacity may be transferred, shall, subject to the terms of this Section 9, be the Trustee under this Agreement without any further action. 
  

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 10. TERMINATION 
  
 10.1 Termination. The Trust Account and this Agreement shall be effective until: 
  

	 	(a)	the satisfaction in full of all Severance Obligations, provided, that, in the event that a Beneficiary notifies the Trustee, which notification must be in writing and be
delivered simultaneously to the Trustee and the Grantor, of a dispute regarding the satisfaction of Severance Obligations, the Trust Account and this Agreement shall not terminate until receipt by the Trustee of a Final Order or Settlement
Agreement, as defined in section 12 hereof and accompanied by an appropriate Certification, indicating that the disputed Severance Obligation has been satisfied; or 

  

	 	(b)	payment and delivery by the Trustee of all Trust Assets pursuant to Section 2.2 or 4.1. 

  
 10.2 Effect of Termination. Upon termination of the Trust Account, the Trustee shall transfer, pay over and
deliver to the Grantor all of the Trust Assets remaining in the Trust Account less all its proper fees and expenses then owing, in exchange for a written receipt from the Grantor. The indemnities provided under this Agreement shall survive
termination. 
  
 11. REPRESENTATIONS AND WARRANTIES OF THE
GRANTOR 
  
 The Grantor hereby represents and warrants to the
Trustee that: 
  

	 	(a)	This Agreement has been duly and validly executed and delivered and constitutes the legal, valid, binding, enforceable obligation of the Grantor; and 

  

	 	(b)	The execution, delivery and performance of this Agreement and the transfer and conveyance of the Trust Assets pursuant hereto, do not (i) violate or conflict with any of its charter
documents or any provisions of any law, rule, regulation, order, writ, judgment, decree, determination or award presently in effect having applicability to such party, or (ii) result in a breach of, or constitute a default under, any indenture, loan
or credit agreement, or any other agreement or instrument to which the Grantor is a party or by which the Grantor may be bound or affected. 

  
 The Grantor further represents and warrants that at the date of delivery to the Trustee of the Trust Assets, the Trustee will then be the lawful owner of,
and will have good and marketable title to the Trust Assets, free and clear of all liens. 
  
 12. DEFINITIONS 
  
 Except
as the context shall otherwise require, the following terms shall have the following meanings for all purposes of this Agreement (the definitions to be applicable to both the singular and the plural forms of each term defined if both such forms of
such term are used in this Agreement): 
  
 “Affidavit” shall mean an affidavit of an authorized representative of the Grantor, in the form annexed hereto as Exhibit E. 
  
 “Beneficiaries” shall mean the Participants named in the forms or lists annexed hereto as Exhibit C hereto, and
“Beneficiary” shall refer to any one of the Participants, individually, and shall include any successor of a Beneficiary by operation of law, including, without limitation, any conservator, lawful heir, executor, or personal
representative. Upon satisfaction of all of Grantor’s Severance Obligations to a Beneficiary, that person shall cease to be a beneficiary of this Agreement. 
  
 “Business Day” shall mean any day on which the offices of the Trustee in New York are open for business.

  
 “Code” shall mean the Internal Revenue Code
of 1986 as amended from time to time. 
  
 “Eligible
Securities” shall mean and include cash in U.S. dollars or British pounds; fully insured certificates of deposit issued by a U.S. bank and payable in U.S. dollars; obligations issued by or guaranteed by the United States Government and
other investments permitted on Schedule 2 hereof, as it may be amended from time to time by Grantor. 
  

 9 








 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from
time to time, or the corresponding provisions of any successor law. 
  
 “Final Order” shall mean an order, decree, award, decision, or judgment from a court or arbitrator of competent jurisdiction, provided, however, that the Trustee shall have no duty or responsibility to determine the
competency of a court or arbitrator, with respect to which rights of appeal have been exhausted, as certified by the party presenting that order to the Trustee, provided further, that the Trustee shall have no duty or responsibility to determine the
veracity of that certification. 
  
 “Market
Value” shall mean, as of the time of any determination is to be made, (1) with respect to the Trust Assets, the value of all assets in the Trust Account as of the last day of the preceding calendar quarter as determined by the Trustee. Any
amounts received or paid pursuant to this Agreement in a foreign currency shall be converted by the Trustee at the then-current market rates, which may be at the Trustee’s rate if it engages in the business of effecting currency conversions for
its public customers. 
  
 “Participant” shall
mean, collectively, each of the employees of the Grantor included in Exhibit C who may be entitled to Severance in accordance with the terms of Grantor’s Severance Pay Plan, and such term used in singular form shall mean any such individual.

  
 “Person” shall mean and include an
individual, a corporation, a partnership, an association, a trust, a limited liability company, an unincorporated organization or a government or political subdivision thereof. 
  
 “Plan Administrator” shall mean the person or committee designated as such in the Plan Documents who is the
named fiduciary for the Plan within the meaning of Section 402 of ERISA. The Grantor shall give the Trustee notice of the identity of the Plan Administrator and of any replacement of the Plan Administrator. The Trustee shall not be designated as
Plan Administrator and any attempt to do so shall be void and of no effect. 
  
 “Plan Documents” shall mean the documents under which the Plan is established and maintained. 
  
 “Plan Year” shall mean the plan year defined in the Plan Documents, which is presently a calendar year. The Grantor shall give the
Trustee notice of any changes to the definition of Plan Year. 
  
 “Settlement Agreement” shall mean an agreement whereby a settlement has been made with the approval of the Grantor and the Beneficiary or the Trustee, as the case may be, which settles all the issues among them (the
“Settled Issues”) with respect to amounts owed, and has been approved by the court, if any, before which the Settled Issues were pending, provided that, if the Settled Issues were not the subject of a court action and the party
presenting the agreement to the Trustee also delivers a certification so stating, and, provided further that the Trustee shall have no duty or responsibility to determine the veracity of that certification, no court approval of the agreement shall
be required. 
  
 “Severance” or
“Severance Obligations” shall mean the total of the Grantor’s obligations to a Beneficiary, or if the context indicates that such term is used to refer to one or more persons, to the Beneficiaries to the Severance Pay Plan
established by the Grantor (such plan being subject to change, including changes based upon changes to the applicable law). The aggregate amount of the Severance Obligations shall be reduced to the extent of Grantor’s payment, or the payment
from the Trust, of amounts due pursuant to the Severance Pay Plan, and may increase in accordance with the terms of the Severance Pay Plan. 
  

 10 








 13. MISCELLANEOUS 
  
 13.1 Governing Law. Except to the extent that ERISA applies, this Agreement shall be subject to and governed
by the laws of the State of New York. This Agreement shall be interpreted in a manner consistent with the intent to satisfy the relevant provisions of ERISA. 
  
 13.2 Successors and Assigns. No Party may assign this Agreement or any of its obligations hereunder without the prior written consent of the
other Parties; provided, however, that this Agreement will inure to the benefit of and bind those who, by operation of law, become successors to the Parties, including, without limitation, any liquidator, rehabilitator, receiver, conservator,
lawful heir and any successor merged or consolidated entity or person, as the case may be, and provided further that, in the case of the Trustee, the successor trustee is eligible to be a trustee under the terms hereof. 
  
 13.3 Non-Alienation of Benefits. The trust is intended to be a
spendthrift trust. No Beneficiary, and no creditor of a Beneficiary shall have any right to assign, pledge, sell, hypothecate, anticipate or in any way create upon his interest in the Trust Assets by operation of law or otherwise and any attempt to
do shall be void; nor shall any such interest in any manner be liable for or subject to the debts, contracts, liabilities, engagements or torts of a Beneficiary. All payments to be made to a Beneficiary shall be made only upon their personal receipt
or endorsement, and no interest in the Trust shall be subject to assignment or transfer or otherwise be alienable, either by voluntary or involuntary act or by operation of law or equity, or subject to attachment, execution, garnishment,
sequestration, levy or other seizure under any legal, equitable or other process or be liable in any way for the debts or defaults of a Beneficiary. This Section shall not preclude arrangements for the withholding of taxes, arrangements for recovery
of overpayments, arrangements for direct deposit to account in a bank, savings and loan associations or credit union for the benefit of the Beneficiary. 
  
 13.4 Severability. In the event that any provision of this Agreement shall be declared invalid or unenforceable by any regulatory body or
court having jurisdiction, that invalidity or unenforceability shall not affect the validity or enforceability of the remaining portions of this Agreement. 
  
 13.5 Entire Agreement. This Agreement (including any Exhibits hereto) constitutes the entire agreement among the Parties, and there are no
understandings or agreements, conditions or qualifications relative to this Agreement that are not fully expressed in this Agreement. 
  
 13.6 Amendments. This Agreement may be modified or otherwise amended, and the observance of any term of this Agreement may be waived, if
that modification, amendment or waiver is in writing and signed by all of the Parties; provided, that the Trustee shall not be obligated to enter into any amendment which affects its own rights, duties or obligations hereunder. 
  
 13.7 Notices. Unless otherwise provided in this
Agreement, all notices, directions, requests, demands, acknowledgments and other communications required or permitted to be given or made under the terms hereof shall be in writing and shall be deemed to have been duly given or made (a) (i) when
delivered personally, (ii) when made or given by prepaid telex, telegraph or telecopier (with originals promptly to follow by mail), or (iii) in the case of mail delivery, upon the expiration of five (5) Business Days after that notice, direction,
request, demand, acknowledgment or other communication shall have been deposited in the United States mail for transmission by first class mail, postage prepaid, or upon receipt thereof, whichever shall first occur and (b) when addressed as follows:

  

			
	If to the Grantor:	  	The FINOVA Group Inc.
	 	  	4800 N. Scottsdale Rd.
	 	  	Scottsdale, Arizona 85251-7623
	 	  	Attention: Human Resources and General Counsel
	 	  	Telephone: 480-636-4800
	 	  	Facsimile: 480-636-4949
		
	 	  	Wire Transfer instructions: [omitted]

  

 11 









			
	If to the Trustee:	  	Atlantic Trust Company, N.A.
		
	 	  	50 Rockefeller Plaza
	 	  	New York, NY 10020
	 	  	Attention: Jonathan Kadish, Senior Relationship Manager
	 	  	Telephone: 212-259-3844
	 	  	Facsimile: 212-259-3888
		
	 	  	Wire Transfer instructions: [omitted]
		
	If to the Plan Administrator:	  	The FINOVA Group Inc. Administrative Committee
	 	  	4800 N. Scottsdale Rd.
	 	  	Scottsdale, AZ 85251
	 	  	Attention: Ms. Peggy Taylor
	 	  	Telephone: 480-636-6661
	 	  	Facsimile: 480-636-6757

  
 Each Party may from time to time
designate a different address for notices, directions, requests, demands, acknowledgments and other communications by giving written notice of that change to the other Parties. Changes to wire transfer instructions must be approved by two authorized
persons, except for changes to a Beneficiary’s wire transfer instructions. Although not parties to this Agreement, notices to Beneficiaries shall be governed by this section, addressed to the Beneficiary’s last known address of record on
file with Grantor, unless otherwise directed by the Beneficiary pursuant to the procedures noted above. 
  
 13.8 Authorized Signatories. The Grantor represents and warrants that any two of the individuals listed on the attached Exhibit D are
authorized, by their signatures, a sample of each is also being shown on the attached Exhibit D, to bind the Grantor, as that Exhibit may be amended from time to time by Grantor. 
  
 13.9 Further Assurances. Each Party shall from time to time execute and deliver further documents and
instruments and shall take further actions as any other Party may reasonably request to effectuate the intent of this Agreement or to evidence compliance herewith. 
  
 13.10 Remedies. In the event of any breach of this Agreement, in addition to any legal remedies
to the extent allowed by law, the Parties shall be entitled to equitable remedies, including without limitation, specific performance and injunctive relief. 
  
 13.11 Trust Account Records. The Trustee will keep full and complete records of the administration of the Trust Account. The
Grantor may examine those records at any time during the Trustee’s business hours, upon reasonable request, subject to the other provisions of this agreement. 
  
 13.12 Headings. The headings of the Sections have been inserted for convenience of reference
only, and shall not be deemed to constitute a part of this Agreement. 
  
 13.13 Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall constitute an original, but all those counterparts together shall constitute
one and the same Agreement. The Exhibits to the Agreement requiring signatures may be executed in any number of counterparts, each of which when so executed and delivered shall constitute an original, but all counterparts of each Exhibit together
shall constitute one and the same Exhibit. All signatures of the Parties and the Beneficiaries may be transmitted by facsimile, and the facsimile will, for all purposes, be deemed to be the original signature of that Party and/or Beneficiary whose
signature it reproduces and, with respect to facsimile signatures of a Party, will be binding upon the Party. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered by their respective officers thereunto duly
authorized as of the date first above written. 
  

 12 









			
	 THE FINOVA GROUP INC.,

	 	 	 as Grantor

		
	 By:
	 	 /s/ Glenn E. Gray


	 Name:
	 	 Glenn E. Gray

	 Title:
	 	 Chief Operating Officer

		
	 By:
	 	 /s/ Richard Lieberman


	 Name:
	 	 Richard Lieberman

	 Title:
	 	 Senior Vice President

	
	 ATLANTIC TRUST COMPANY, N.A.,

	 as Trustee

		
	 By:
	 	 /s/ Mark D. Santero


	 Name:
	 	 Mark D. Santero

	 Title:
	 	 Managing Director



  

 13 








 EXHIBIT A-1 
  
 WITHDRAWAL NOTICE 
  
 [Date*] 
  
 [*Note to Beneficiaries: The Trust Agreement provides restrictions on when a Withdrawal Notice may be sent, as noted in section 3 below, and any distribution you receive will be net of the appropriate income tax
withholding and employment taxes.] 
  
 Atlantic Trust Company, N.A. 
 50 Rockefeller Plaza 
 New York, NY 10020 
 Attention: Jonathan Kadish 
  
 The FINOVA Group Inc. Administrative Committee 
 4800 N. Scottsdale Rd. 
 Scottsdale, AZ 85251 
 Attention: Ms. Peggy Taylor 
  
 Re: The FINOVA Group Inc. Trust Agreement 
  
 Reference is made to the Trust Agreement (the “Trust Agreement”),
dated as of November 1, 2003, by and between The FINOVA Group Inc., as grantor (“Grantor”), and Atlantic Trust Company, N.A., as trustee (the “Trustee”). This certificate is hereby executed and delivered pursuant to Section 2.1
of the Trust Agreement. 
  
 All capitalized terms used in this
certificate that are not otherwise defined herein shall have the meanings given to them in the Trust Agreement. 
  
 The undersigned hereby certifies to the Trustee that: 
  

	1.	He or she, as the case may be, is a Beneficiary under the Trust Agreement; 

  

	2.	The undersigned is entitled to the payment of $             less applicable taxes (“Payment Amount”)
from the Trust Account in consideration of Severance Obligations owed to the undersigned by the Grantor. 

  

	3.	A copy of the severance agreement and release executed by the undersigned is attached to this Withdrawal Notice. 

  

	4.	This Withdrawal Notice is timely because it has not been sent to the Trustee earlier than 30 days after the date the undersigned has executed and delivered to Grantor a severance
agreement and release in Grantor’s standard form (unless otherwise agreed in writing by Grantor) and provided that the undersigned has not revoked that agreement, or 

  

	5.	The undersigned has sent a copy of this notice, by hand-delivery or by certified mail to the Plan Administrator. 

  

	6.	The Trustee is hereby instructed to withdraw Trust Assets equivalent to the Payment Amount specified in line 2, above, from the Trust Account established pursuant to the Trust
Agreement and, in the absence of 

  

 14 









	    	any objection as described in section 2.2 of the Trust Agreement, to deliver the Payment Amount, net of the applicable income tax withholding and employment taxes, to the
undersigned in accordance with the terms of the Trust Agreement and the instructions stated below: 

  
 WIRE TRANSFER INSTRUCTIONS: 
 Bank Routing Number: 
 Account Number: 
 Account Holder: 
  
 or 
  

Check payable to
                                        
   
 At address line
1:                                       
    
 At address line
2:                                       
    
 At City, State:
                                        
       
 At Zip Code:
                                        
         (and Country, if outside of the United States) 
  

	7.	The undersigned acknowledges that the income tax withholding and employment taxes applicable to the Payment Amount may be transferred to the Grantor for the appropriate reporting
and deposit on my behalf or such amounts may be reported and deposited by the Trustee. 

  
 This certificate and the statements contained herein are made for your benefit and the benefit of the Plan Administrator and the Grantor. 
  

					
	 Date:
	 	 By:
	 	                                      
                              .
	 	 	 	 	 Beneficiary’s Name:


  

 15 








 EXHIBIT A-2 
  
 [FORM OF NON-OBJECTION NOTICE] 
  
 [ON LETTERHEAD] 
 [date] 
  
 Atlantic Trust Company, N.A. 
 50 Rockefeller Plaza 
 New York, NY 10020 
 Attn: Mr. Jonathan Kadish 
  
 Re: The FINOVA Group Inc. Trust Agreement – Payment to [Name of Beneficiary] 
  
 Reference is made to the Severance Trust Agreement (the “Trust
Agreement”), dated as of November 1, 2003, by and between The FINOVA Group Inc., as grantor (“Grantor”), and Atlantic Trust Company, N.A., as trustee (the “Trustee”). 
  
 All capitalized terms used in this release that are not otherwise defined
herein shall have the meanings given to them in the Trust Agreement. 
  
 The undersigned two Authorized Signatories hereby certify to the Trustee that: 
  
 1. The undersigned are Authorized Signatories of Grantor under the Trust Agreement. 
  
 2. The above-named Beneficiary has met the conditions entitling him or her to be paid
$             less applicable taxes (the “Payment Amount”) by the Trust in consideration of Severance Obligations owed to the Beneficiary by the Grantor, which Bonus
Obligations are now to be paid by the Trust. 
  
 3. The
undersigned authorizes and instructs the Trustee to withdraw Trust Assets equal to the Payment Amount specified in line 2, above, from the Trust Account established pursuant to the Trust Agreement and to deliver the Trust Assets, or the U.S. dollar
equivalent in cash proceeds thereof, to the Beneficiary upon its request; net of income tax withholding or employment taxes in the amount of $             which may be transferred to
the Grantor for reporting and deposit on behalf of the Beneficiary. 
  
 This certificate and the statements contained herein are made for your benefit and the benefit of Beneficiary. 
  

							
	 By:
	 	                                      
                              .	 	 By:
	 	___________________________________
	 Name:
	 	 	 	 Name:
	 	 
	 Title:
	 	 	 	 Title:
	 	 

  

 16 








 EXHIBIT B 
 FORM OF RELEASE BY BENEFICIARY 
  
 Atlantic
Trust Company, N.A. 
 50 Rockefeller Plaza 
 New York, NY 10020

 Attn: Mr. Jonathan Kadish 
  
 The FINOVA Group Inc. Administrative Committee 
 4800 N. Scottsdale Rd.

 Scottsdale, AZ 85251 
 Attention: Ms. Peggy Taylor 

 
 Re: The FINOVA Group Inc. Trust Agreement 
  
 Reference is made to the Trust Agreement (the “Trust Agreement”),
dated as of November 1, 2003, by and between The FINOVA Group Inc., as grantor (“Grantor”), and Atlantic Trust Company, N.A., as trustee (the “Trustee”). This release is hereby executed and delivered pursuant to Section 3.2 of
the Trust Agreement. 
  
 All capitalized terms used in this
release that are not otherwise defined herein shall have the meanings given to them in the Trust Agreement. 
  
 The undersigned hereby certifies to the Trustee that: 
  
 1. The undersigned is a Beneficiary under the Trust Agreement. 
  

2. The undersigned was paid $             less applicable taxes (the “Payment
Amount”) by the Grantor in consideration of Severance Obligations owed to the undersigned by the Grantor, which Severance Obligations are now paid in full. 
  
 3. The undersigned authorizes and instructs the Trustee to remove my name from the list of Beneficiaries under the Trust
Agreement. 
  
 This certificate and the statements contained
herein are made for your benefit and the benefit of Grantor. 
  

					
	 Date:
	 	 By:
	 	                                      
                              .
	 	 	 	 	 Beneficiary’s Name:


  

 17 








 EXHIBIT E 
  

AFFIDAVIT OF PLAN ADMINISTRATOR IN CONNECTION 
 WITH THE TERMINATION OR CESSATION OF  
 EMPLOYMENT OF TRUST BENEFICIARY(IES) 
  

			
	STATE OF                 	 	)
	 	 	) ss.:
	COUNTY OF                 	 	)

  
                          and
                        , being members of the Committee which constitutes the Plan Administrator of the Severance
Play Plan being duly sworn, depose and say: 
  
 1. We are
authorized by the Plan to make this affidavit and to present this affidavit to
                                        
                     (the “Trustee”) in accordance with the terms of the Trust Agreement (the “Trust Agreement”), dated as of
October    , 2003, by and between the Grantor and the Trustee. Capitalized terms not defined in this Affidavit shall have the meanings given to them in the Trust Agreement or the Plan Documents. 
  
 2. We are aware that any false statement or representation made herein would
be subject to the penalties for perjury provided under the laws of the State of                      and/or the federal laws of the United
States. 
  
 3. For the reasons noted below, the Severance
Obligations for the Beneficiaries listed on the attached schedule are no longer owed to those respective Beneficiaries: 
  
 a. The Trust or Grantor has paid the Beneficiaries the amounts due for the Severance Obligations. 
  
 b. The Beneficiaries were terminated, failed to qualify in
accordance with the Severance Pay Plan (as the case may be), or otherwise ceased employment with the Grantor in a manner or on terms that resulted in the loss by the Beneficiaries of rights to the payment of Severance Obligations by the Grantor from
the Trust Account. 
  
 4. The Trust Account contains
$             in respect of the Severance Obligations that are no longer due from the Grantor to the Beneficiaries. 
  
 5. The Grantor is entitled to withdraw from the Trust Account the amount described in paragraph 3 above because all benefit
obligations under the Severance Pay Plan have been satisfied. 
  
 6. Either (a) a true and correct copy of this affidavit was delivered or sent to each of the Beneficiaries listed on the attached schedule by certified U.S. mail, on the same date as this affidavit was sent to the Trustee, at the
Beneficiaries’ address as reflected by the Grantor’s records, or (b) the Listed Beneficiaries have executed a release for the amounts stated in that release in substantially the form attached hereto as Exhibit B. 
  
 7. The Trustee is hereby instructed to withdraw the Trust Assets specified in
paragraph 2, above, from the Trust Account established pursuant to the Trust Agreement and, in the absence of any objection as described in section 2.2 of the Trust Agreement, to deliver such Trust Assets, or the U.S. dollar equivalent in cash
proceeds thereof, to the Grantor, on the 35th Business Day after the date this affidavit is received by the Trustee.

  

	
	 /s/


	[name]


  

 18 









	
	 /s/


	 [name]



  

	
	 Sworn to before me this

	      day of             ,
200    .

	
	 /s/


	 Notary Public


  

 19